Firstly, they may make any room seem a little bit smaller, but this ultimately creates an illusion of a more intimate space. This can be especially good if your house happens to have a very high ceiling. It would lend a bit of comfort instead of that intimidating feel you get from seeing too much space in a room. Bedrooms and studies can also benefit from some ceiling color because it gives the room a cozy feel to it.

Children Play Room: If you have a house with small children, a play room might be the perfect remodel for your basement. Because a basement often provides a blank canvas with which to work, a play room could easily be made with any style and any budget depending on the needs of your family. This is the perfect time to get more creative with paint-polka dots or stripes on the walls, hiring someone to paint a mural, etc. Bean bag chairs for reading, or small tables for tea parties will provide hours of entertainment for years to come.

Coffered ceilings, on the other hand, are very similar in technical terms to suspended ceilings, but differ from them in being decorated with ornate recessed panels, offering a more corporate appearance, ideal for those who plan to turn their basement into a home office or formal study. The drawback of plain old suspended ceilings, on the other hand, lies in the industrial look they tend to give a room, which can be great if you're into Manhattan-style architecture and not-so-great if your house has been designed to look like a Tuscan villa. For practical purposes, they're great, as one can quickly access any wires pipes they conceal by snapping away segments of the ceiling. Most building codes require at least 90 inches of headroom for a finished basement, so in the event that your basement has a low ceiling, you have two options - either dig up the floor, or go for drywall.